Fitzgerald Michael Thomas 4

What Happened

• Michael T. Fitzgerald, Chief Financial Officer of BWX Technologies (BWXT), exercised stock options on 2026-05-06. He exercised 2,826 option shares by paying an exercise price of $61.70 per share (total $174,364).
• To satisfy tax withholding, 1,618 of the newly acquired shares were surrendered/disposed at the market price reported ($215.20 per share) for a withholding value of $348,194. That leaves a net of 1,208 shares retained (worth roughly $260k at $215.20).

Key Details

• Transaction date: 2026-05-06; Filing date: 2026-05-07 (timely).
• Exercise: 2,826 shares @ $61.70 (total exercise price paid $174,364).
• Tax withholding/payment: 1,618 shares @ $215.20 (disposed) = $348,194.
• Net shares retained: 1,208 shares (2,826 − 1,618), valued at about $259,962 at $215.20.
• Footnote: F1 — these options vest in three equal annual installments beginning Feb 27, 2024.
• Filing timeliness: not reported late.

Context

• This was an option exercise (code M) with shares withheld for tax purposes (code F), not an open‑market sale of retained shares. Withholding is a common administrative action and does not necessarily signal a change in insider sentiment.
• The filing also shows the derivative was converted (the options ceased to exist upon exercise); a zero-dollar line reflects that conversion step, not a separate cash transaction.
• For full holdings after the transaction (total beneficial ownership), consult the complete Form 4 filing if needed — that figure was not included in the excerpt provided.